Automated Market Maker (AMM) and DeFi-Protokoll (DeFi) Balancer announced on Monday that they have partnered with DAO-based staking platform Lido to launch a MetaStable pool incentive program.
MetaStable swimming pools are liquidity pools specifically designed to work with extremely correlated (but not tightly tied) tokens, similar to: B. Packaged items. Customers can create swaps between MetaStable swimming pools and built-in properties with different liquidity pools while benefiting from cheaper swap costs and eliminating the need for certain swap-specific steady pools. They will even stop watering down liquidity from existing swimming pools and increase the highest buying and selling volumes, the press release said.
The primary pool that lists the Staked Ether (stETH) and Wrapped Staked Ether (wstETH) goals to provide liquidity to the stakers within the Ethereum community. The pool is sponsored by LDO and BAL rewards of 2500 BAL per week and an additional 25,000 LIDO per week within the first month. The primary distribution is to take place on August 24th via the claims portal Balancer.
Also in July, Balancer launched stable swimming pools with narrower spreads and less slippage than the swimming pools on the platform opposite. This replacement made Balancer the only automated market maker with three different types of liquidity pools: weighted, elementary, and continuous.
Earlier this month, the CEO of Unstoppable Domains predicted that the stablecoin market would hit the $ 1,000 mark by 2025 – or likely even sooner. Nonetheless, he harassed that the proliferation of stablecoins could lead to volatility issues and additional questions about the regulatory uncertainty of tied property.